Spot Market Update: Jeera Holds Just Above Rs 16K In Unjha

Jeera has gained good traction recently on export demand hopes and traders are focusing on futures market. Arrivals stay elevated in major Jeera mandies and traders are eying further increase in supplies in coming weeks. The spot prices are currently trading at Rs 16015 per quintal in Unjha, down marginally on the day. Jeera supplies in Unjha stayed around 20000 bags today. A weak undertone in Indian Rupee, which plunged to near 17 month low is keeping the export demand hopes supported.